Top Ways to Ensure That Your Property Will Sell By Choosing the Right Real Estate Agent

When you want to sell your home, the object of the exercise is to be sure that you sell it rapidly. You don’t want to be waiting three or four months time in order to attain the change of residence. You’d prefer to get out of the mortgage and have it all over and done with in record time.

In order to attain the goal, which is to sell your home quickly, you are going to need to be sure that all of your “ducks are in a row” so to speak. Getting a fast sale means planning ahead and assuring that you have all of the elements that combine to give you the best chance to sell your home.

The top five ways to be sure that your home sells more quickly are:

Be certain that your real estate agent is reliable. Test your agent by asking questions about other properties on their website. Email the agent that you are considering and ask them questions on the website. Do they contact you back in a relatively fast turnaround time? Was their response not only timely, but was it well written and professional? Did they answer all of the questions that you asked them in a timely way?

Was the communication helpful and did it strike you as friendly and welcoming? Did they offer you the opportunity to view the property? If you can answer all of the questions with a yes, then this is the real estate agent that you want to use. They will be the one who is the most eager to help you to sell your home. Look at the email that they sent you. Was it a good description of the property? Did it make you want to buy the house, or at least to see it?

In many cases, they will be the company that can close the sale for you in the fastest turnaround time, which is precisely what you’re looking for.

Having tested the agents personally, take a good look at the website that they offer to sell property. Is the site clean looking and easy to navigate? Does it look as though it is updated in a timely way? Are there properties there which are sold but are not marked as sold?

One of the things that many realty companies will do is to neglect to update their website. If they aren’t taking down properties that are sold, or are not marking them as sold, chances are that your home won’t be posted on the website in a timely way.

This company will quite likely be making three to five percent of the money that you make from your home sale. If they are a good realty company, they will be working for it, trying to sell your home as rapidly as possible. Bear in mind that the company which is the most assertive and proactive in selling your home and in dealing with you, is quite like the company that will sell that house more quickly than any other.

Real Estate Buying Through Mortgage Loans Just Got Easier

When considering buying a real estate property, the foremost issue is of the capital required. Due to lack of sufficient capital, the real estate investor opts for mortgage loan i.e. loan acquired against an already existing real estate property and it is mainly given through banks or other regular institutions but it also has its fair share of drawbacks. Instead of a traditional mortgage loan, Private Lending Services for borrowers can be considered.

Real estate property costs a lot of money. If you are considering a traditional mortgage loan, then be prepared for a great risk. In a traditional mortgage loan, if you are unable to pay the loan back due to some reasons or if you pass away, the bank or the financial institution has the option to take away your home to pay the loan amount. Thus there is an inherent danger of losing your home in this type of loan. In the case of Private Lending Services for borrowers, this usually does not happen as the loan is given by Private Lenders Miami, FL to the borrowers taking into account the borrowers ability to pay the loan amount. Also in the case of such eventuality of failure of repayment of the loan in a traditional mortgage loan, entire property can be taken away by the traditional lender if the property amount is not more than the loan amount and therefore the heirs of the borrower cant expect any type of financial compensation from the lender. A traditional mortgage loan lender may require the borrower to maintain their property in proper condition as the borrowers property title is in the name of the lender. Borrowers in aged condition might not be able to take proper care of the property and thus will have to hire some person for the same, an additional cost burden on the borrower just to fulfill the loan requirement. Traditional mortgage loans give loans based on the borrowers credit scores and ones with bad isolated credit incidents and bankruptcy conditions are disqualified. Here is when Hard Money Private Lenders Miami, FL are quite beneficial. Borrowers with bad credit scores or even those who have undergone bankruptcy can qualify for the private mortgage loans given by Hard Money Private Lenders Miami, FL.

Last of all, there are a lot of bureaucratic rules for the fulfillment of a traditional mortgage loan, spread over a much longer time period. Thus the total amount paid for the loan increases because the interest is also to be paid along with the loan. A private mortgage loan given by Private Lenders Miami, FL take a relatively shorter period for processing as there is less documentation required and the transaction may even be completed in a day; also there are a variety of low interest options to choose from.

Understanding Real Estate Terminology

Purchasing a home can be a complicated and confusing process, especially for first-time buyers. Throughout the process, first-time home buyers will encounter a variety of unfamiliar real state terms. There are several key terms associates with purchasing real estate that are helpful to learn.
For example, many buyers confuse the terms broker and salesperson. A broker is a properly licensed individual, or corporation, who serves as a special agent in the purchase and sale of real estate, a salesperson is an individual employed or associated by written agreement by the broker as an independent contractor. The salesperson facilitates the purchase or sale of real estate.
Once you decide to purchase, a salesperson will prepare a sales contract to present to the seller along with your earnest money deposit. The sales contract is the document through which the seller agrees to give possession and title of property to the buyer upon full payment of the purchase price and performance of agreed-upon conditions. The earnest money is a buyer’s partial payment, as a show of good faith, to make the contract binding. Often, the earnest money is held in an escrow account. Escrow is the process by which money is held by a disinterested party until the terms of the escrow instructions are fulfilled.
After the buyer and seller have signed the contract, the buyer must obtain a mortgage note by presenting the contract to a mortgage lender. The note is the buyer’s promise to pay the purchase price of the real estate in addition to a stated interest rate over a specified period of time. A mortgage lender places a lien on the property, or mortgage, and this secures the mortgage note.
The buyer pays interest money to the lender exchange for the use of money borrowed. Interest is usually referred to as APR or annual percentage rate. Interest is paid on the principle, the capital sum the buyer owes. Interest payments may be disguised in the form of points. Points are an up-front cost which may be paid by either the buyer or seller or both in conventional loans.
In general, there are two types of conventional loans that a buyer can obtain. A fixed rate loan has the same rate of interest for the life of the loan, usually 14 to 30 years. An adjustable rate loan or adjustable rate mortgage (ARM) provides a discounted initial rate, which changes after a set period of time. The rate can’t exceed the interest rate cap or ceiling allowed on such loans for any one adjustment period. Some ARMs have a lifetime cap on interest. The buyer makes the loan and interest payments to the lender through amortization, the systematic payment and retirement of debt over a set period of time.
Once the contract has been signed and a mortgage note obtained, the buyer and seller must legally close the real estate transaction. The closing is a meeting where the buyer, seller and their attorneys review, sign and exchange the final documents. At the closing, the buyer receives the appraisal report, an estimate of the property’s value with the appraiser’s signature, certification and sporting documents. The buyer also receives the title and the deed. The title shows evidence of the buyer’s ownership of the property while the deed legally transfers the title from the seller to the buyer. The final document the buyer receives at closing is a title insurance policy, insurance against the loss of the title if it’s found to be imperfect.
Buyers should plan on a least four to twelve weeks for a typical real estate transaction. The process is difficult and at times, intimidating. A general understanding of real estate terminology and chronology of the transaction, however, will help any real estate novice to confidently buy his or her first home.

Rent To Own Real Estate – Positive Or Negative

Banks may not be lending but rent to own homes are booming! Rent to own homes are becoming pretty commonplace, owner financing also known as seller financing is a real estate financing technique where the buyer borrows from the seller as opposed to, or in addition to a bank.

Rent to own homes are becoming a typical way to sell a property due to the fact that it is problematic to sell properties in this economic crisis. Most of these rent to own homes are fsbo, for sale by owner. Frequently, finding a real estate agent who is willing to work with rent to own homes can be difficult for buyers and sellers. Occasionally, finding rent to own homes can be kind of hard to do.

There are various ways in which rent to own homes can come about. Generally, rent to own homes are seller financed by landlords or investors that seek to enhance their financial return by offering purchase choices to their tenants in exchange for a reasonable deposit and a rental rate premium. The majority of sellers of rent to own homes are considerably reasonable when it comes to the down payment. Sellers of rent to own homes will expect you to have bumpy credit and will know how to help. Usually, these owners with rent to own homes can compete and make the best home and terms available for you. Frequently, rent to own homes are in marvelous condition, most homes are less than 5-10 years old and at bare minimum have just been renovated. Any way you look at it, rent to own homes are an immediate answer and an intelligent alternative to traditional loans.

Due to the significant initial down payment and lease payment premium that are unique to lease option contracts, rent to own homes can be considerably risky. Common lease periods for this arrangement are three years long, though longer or shorter leases for rent to own homes are not altogether unheard of. Really, rent to own homes will allow you to finally begin earning equity in a home now. Again, if you are interested in a rent to own program then you can expect to put 5-10% of the loan amount down or if are interested in buying residential real estate properties that are selling below market value then leasing or doing rent to own with tenant buyers then rent to own is for you.

Rent to own homes can be a wonderful way to buy or sell a house in the current economic environment. Rent to own homes are a certain way to increase the financial stability of a person, and help him repair his credit. Rent to own homes are long-term rental agreement that can allow a person to buy a home with minimal financial stress. Rent to own homes are a great way for people to give home ownership a shot without actually having to get a loan. The negotiation routine of rent to own homes will be different from normal home bargaining.

Rent to own homes can potentially be a great or poor deal, depending on the contract obtained at the very beginning of the agreement. Rent to own homes can help the seller still acquire some income from the home when otherwise it may be a constant drain on the seller’s finances. Rent to own homes are a trial run for the tenant as they learn the responsibilities that come with the house. Individuals living in the rent to own homes will be expected to take care of the lawn as if it is their own and pay utilities. Rent to own homes are also a good way for you to build equity before you even own the home.

Rent to own homes can be found advertised online, in newspapers, or on street signs. Besides that, rent to own homes are available in almost any neighborhood or subdivision across the United States, but there could be a hidden risk to your arrangement, and the money you put up for a down payment. Commonly, rent to own homes can also be the perfect solution for those who have gone through bankruptcy, divorce or any other types of financial hardships that may prohibit them from meeting stringent requirements put fourth by banks and other lenders. Rent to own homes can essentially help you get into a house without having to go through all the hassles that are regularly involved.

Martin Hormuth Investments in European real estate – the best way of capital securing

The well-known Pinsent Masons law firm published results of a conducted study indicating that the number of so-called investment visas issued to foreigners in Great Britain has increased from 235 in 2010-2011 to 419 in 2011-2012, that is by as much as 78 percent. In 2012, a record was set by the citizens of Russia: they are leaders in terms of visas granted making 24 percent of the total number of successful applicants (for comparison, the Chinese are behind by 1 percent).

Today, many countries offer citizenship in exchange for investments. For instance, until recently Germany had a law in force guaranteeing German citizenship granting for the purchase of commercial real estate or an operating enterprise with a minimum value of EUR 250 thousand as well as providing employment for five persons. At that, the law did not prohibit acquisition of operating enterprises on credit. As of August 1, 2012 the strict requirements to investment amounts were abolished. Two years ago, the corresponding amendments to the immigration law were made also in Latvia. The effect is obvious: from July 2011 to July 2012 the foreign investors have paid for real estate in the country 2.3 times more than during the previous period, says Martin Hormuth, the PHL owner. Recently, the Bulgarian Parliament also voted for the benefits to investors: soon the wealthy people will be able to gain Bulgarian citizenship under a simplified procedure, whereas according to the latest information the investment amount for that is circa EUR 100 thousand. The same amount of investment, i.e. EUR 100 thousand, ensures granting the right of permanent residence in both Romania and Croatia. Hungary keeps pace too: according to the local parliament idea, citizenship of this country shall be granted to those investing EUR 250 thousand.

“Legislation in all these countries provides for quite a loyal attitude and the permanent residence right to investors”, says Martin Hormuth. “Therefore today wealthy citizens of CIS countries prefer to invest in profitable European projects with a promising business plan – this concerns not real estate only, but also office and trade property, as well as construction of recreational facilities. They come to Europe not only to increase their capital, but also to secure it. Investments in the real estate in countries with a stable economy provide for reliability and safety”.

PHL international company headed by Martin Hormuth is well represented in Eastern Europe. 18 building projects in Berlin have been realized with Mr Hormuth’s direct participation, each of them being a success. Recently, a contract involving a retail trade facility in Germany with a payback period of 10 years has been concluded. Martin Hormuth’s company has been engaged in a number of prestigious projects in Europe including a luxury golf resort in the area of 130 ha in Croatia on the Adriatic Sea coast, a shopping centre in Varna, Bulgaria, and other large-scale projects. Martin Hormuth is a recognized expert in the international market. As an honourable and experienced professional in the field of management and development, Martin was involved in large-scale projects of GTC company headed by Mr Eli Alroy.

Martin Hormuth

Ethiopia Real Estate And Buying Ethiopia Homes

The real estate brokerage business in Ethiopia is not as well developed as in other countries. You dont see large and established real estate brokerage companies so common in western countries. Here, buyers and sellers for Ethiopia homes rely on local agents, commonly known as Delalas. For the most part, these are traditional agents with no formal training in real estate but who basically mediate between buyers and sellers for Ethiopia real estate. Through word of mouth or their special network, these agents know the areas they operate in very well.

When you want to sell or buy Ethiopia homes, you just call one of these agents and tell them of your intention. These agents, in turn, inform their associates who would help them find prospective buyers or sellers as the case may be. In many cases, the Delalas work in groups of two or three and split their commission according to who was the principal negotiator and who did the most work.

A great deal of negotiation is involved in buying Ethiopia homes. Asking prices can be as high as 50% more than the final sale prices. Negotiations can take weeks, and even months in some cases. Expect to walk out of a negotiation a few times. In many cases, the Delalas play critical role in convincing both sellers and buyers to come to terms.

In general, Delalas do not help customers in completing the legal paperwork needed to complete the Ethiopia Real Estate transaction. This must be done by the buyer and seller themselves and may take several months. It is very important that buyers check the authenticity of seller documents before buying real estate in Ethiopia. Otherwise, they can waste crucial time and/or money in such endeavor. For a small fee, people who are less skilled with the Ethiopian bureaucracy may seek the help of legal assistants locally called Guday Asfetsami.

Home mortgages are hard to come by in Ethiopia. Most Ethiopia real estate transactions are conducted on cash basis. Mortgage financing may be obtained in some cases, but primarily for new homes built by developers. These companies negotiate financing terms with local banks in advance for all of their clients. Basically, they arrange group deals for their clients those who can put the required down payment. Down payments vary from 20 to 40%. Although most mortgages are for 10-20 years in duration, some companies arrange mortgages for as long as 30 years. Interest rates are variable and depend on the prevailing interest rate fixed by the Ethiopian central bank.

It is estimated that there are about sixty local and six foreign real estate development operators in Ethiopia. Examples of local developers include Sunshine Real Estate, Ayat Real Estate, Gift Real Estate, and Ambassador Real Estate. A major problem with homes built by some of these companies is the time it takes to complete construction. In the past, some of these homes were completed many years past their due dates. And some Ethiopia homes never made it to completion.

So, who can buy homes in Ethiopia? Anyone can buy real estate in Ethiopia as long as he/she is an Ethiopian citizen, foreign national of Ethiopian origin, or has Ethiopian parents. To see the latest listing of residential and commercial properties for sale or rent, please visit sites such as Ezega Real Estate, which is the largest real estate portal in Ethiopia and lists hundreds of homes for sale and/or rent at any given time. Anyone can register and post properties there for sale or rent for free.